The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.: Paid-in Capital in Excess of Par Land value-Common Stock 33,000 (3) (1) (2) Cash 80,600 35,000 6,080 Date 1 12,800 (4) Preferred Stock, $50 Par 65,000 (1) *800 shares of common stock Paid-in Capital from Treasury Stock 960 (5) Description (3) 93,000 Debit Paid-in capital in Excess of Par value-Preferred Stock 15,600 (1) Required 4 Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five tran General Journal (4) Credit Common Stock, $10 Par 35,000 (2) 60,000 (3) Treasury Stock 12,800 5,120 (5)
The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.: Paid-in Capital in Excess of Par Land value-Common Stock 33,000 (3) (1) (2) Cash 80,600 35,000 6,080 Date 1 12,800 (4) Preferred Stock, $50 Par 65,000 (1) *800 shares of common stock Paid-in Capital from Treasury Stock 960 (5) Description (3) 93,000 Debit Paid-in capital in Excess of Par value-Preferred Stock 15,600 (1) Required 4 Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five tran General Journal (4) Credit Common Stock, $10 Par 35,000 (2) 60,000 (3) Treasury Stock 12,800 5,120 (5)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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